Binance Coin (BNB) is an ERC20 token on the Ethereum network. After Binance Chain is ready to go with its main network, BNB will be converted from ERC20 tokens into native BNB tokens running on Binance Chain via the exchange platform at Binance.com, a pragmatic and efficient way to perform the initial token swap.

Binance Chain is ready for other projects to migrate their tokens to take advantage of performant transactions with more liquidity options and native marketplace features. More information about how projects can set themselves up for this (via Binance.com or partners) will come soon.

Binance DEX is the native marketplace on Binance Chain allowing you to exchange digital assets issued and listed on it. The matching happens within the blockchain nodes and all of the transactions are recorded on-chain, therefore forming a complete, auditable ledger of activity.

ATTENTION: The match logic on DEX is quite different from normal centralized exchange. Please go over the trading and match spec below to get the best interests for your orders.